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Restocker heifer price spreads to steers are a unique indicator into producer demand for cattle based on the cattle cycle.
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The Q2 2025 heifer to steer price spread is in the top 16% of quarters since 2010 – indicating a lack of demand for heifers remains solidified in the market.
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A potential southern herd rebuild will tighten price spreads with steers in this market if the season allows for a rebuild.